Houstonians are finding that they can not close on their homes because Congress let the National Flood Insurance Program lapse.  A tropical storm is already brewing in the Gulf of Mexico, with Hurricane season upon us early this year. Lenders are reluctant to allow the buyer to close on a property in a flood zone without the necessary insurance.  Buyers are finding that they may lose out on the federal tax credit because they can not close in time.  These delays are adding additional costs to the buyers and … [Read more...]